“I Am Shopping for the Lowest Interest Rate”
These are great thoughts by my AR colleague Joe Petrowsky. The other day I received a call from a lady who was shopping just because she saw our bank in a Safeway. Joe is correct here. Let us do the shopping for you if rates are important. We're not going to sell or fleece you. if something is better out there for you we'll kindly tell you.
The central thesis of Joe's post rings true. Interest rates are just part of the process. What you should really focus on is who can get your loan done smoothly and efficiently. Thanks for reading!
“I Am Shopping for the Lowest Interest Rate”
Really, what a concept, as if someone is actually going to call and say they are looking for the highest rate.
I’m not sure what possessed me, but I happened to be driving home and took a call from a prospective home buyer. He immediately said, I am shopping around for the lowest interest rate. I told him, he had the wrong number, dumbfounded he hung up.
Within a moment or two he called again, he called back and asked, is this Joe Petrowsky, I told him it was and then proceeded to tell me that he was shopping around for rates. I again repeated that he had the wrong number. Again, he hung up.
Maybe 5 minutes later he called back. I gave him credit for his persistence. He said, OK let me do this again. He told me his name and that he had been referred and by whom. So, I asked him what did they said about me. He said some nice things.
He said, OK I’m done shopping, I’ll let you do that for me. I told him that I will be happy to work with him and let him know exactly what he can expect.
The next day we spoke on the phone, I pre-qualified him for a mortgage. I have also referred him to a Realtor, home inspector and mover. He apologized for yesterday’s calls and said that his friend was right, working with you is different.
I thanked him for his kind words. He is well on his way, focusing on purchasing a home, not shopping for rates, as he knows he will get the best rate available.
image courtesy of stuart miles/freedigitalphotos.net
Joe Petrowsky, NMLS #6869
Right Trac Financial Group, Inc. NMLS #2709
110 Main St.
Manchester, Ct. 06042
Office: 860 647-7701 x116
Fax: 860 647-8940
Cell: 860 836-9294
Email: joe@righttracfg.com
Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.
Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.
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